Gold prices ended the day session solidly lower and hit a 10-week low Tuesday on the Comex Division of the New York Mercantile Exchange. A stronger US dollar index that hit a 13-month high and sharply lower crude oil prices sunk the yellow metal. No major geopolitical flare-ups during the long holiday weekend also prompted weak long liquidation in gold futures.
Japanese palladium bar saw the biggest upwards shift for the day, rising 1.0 percent to close at JPY 3,023 ($28.97) per gram on Tuesday, September 2. The price of Chinese palladium bar fell 0.5 percent on Tuesday, just off the 30-day high of CNY 197.00 ($32.08) per gram it hit the day prior. US palladium bar held its value on Tuesday at $883.00 per ounce.
Japanese platinum bar finished the day down 0.1 percent to JPY 4,775 ($45.76) per gram. Chinese platinum bar saw little change in its price yesterday at CNY 300.00 ($48.85) per gram. US platinum bar stayed flat at around $1,400 per ounce.
Chinese gold bullion closed 0.3 percent lower at CNY 253.90 ($41.34) per gram. The price of Japanese gold bullion increased 0.2 percent to JPY 4,305 ($41.26) per gram. The price of Indian gold bullion remained steady at INR 28,073 ($464.07) per 10 grams. The price of US gold bullion remained essentially flat at $1,281 per ounce.
After a 0.2 percent increase, the price of Japanese silver finished the day at JPY 651.00 ($6.24) per 10 grams. Chinese silver ended the day at CNY 4,215 ($686.28) per kilogram, after the 0.1 percent drop on Tuesday. The price of Indian silver held steady at INR 42,851 ($708.36) per kilogram. The price of US silver continues hovering around $19.36 per ounce for the fifth day in a row.